InZinc Mining (CVE:IZN) Stock Price Down 15.4% – Should You Sell?

InZinc Mining Ltd. (CVE:IZN) shares dropped 15.4% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.06. Approximately 214,216 shares changed hands during trading, an increase of 43% from the average daily volume of 149,383 shares. The stock had previously closed at C$0.07.

InZinc Mining Price Performance

The business has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The stock has a market cap of C$6.79 million, a PE ratio of -5.50 and a beta of 1.82.

InZinc Mining Company Profile

InZinc Mining Ltd. acquires, explores for, and develops mineral properties in the United States and Canada. It primarily explores for zinc, copper, and indium deposits. The company holds a 100% interest in the Indy project comprising an area of 19,000 hectares located in Central British Colombia; and the West Desert Property located in Utah, the United States.